Metaverse coin projects are poised to surge in 2022, riding on the global trend of the metaverse, which is expected to dominate a large portion of the market.
Key developments involve Decentraland (MANA), Walmart, and other cryptocurrencies, along with the Cardano metaverse, Axie Infinity (AXS), and more, as reported by Metaverseplanet.net.
Updates from the Metaverse Coin Space
Walmart is reportedly making a strategic entry into the metaverse. As per a CNBC report, on December 30, Walmart announced plans to create its own cryptocurrency and NFT collection. The retail giant intends to sell virtual goods, ranging from electronics and home decor to toys, sporting goods, and personal care products, within the metaverse.
In the Cardano metaverse project Pavia (PAVIA), land prices are on the rise. Pavia, launched last week on the Cardano network, is the first metaverse initiative on this blockchain, featuring 100,000 land plots.
Joe Rogan recently brought Axie Infinity Metaverse to the forefront of his audience, with his podcast, “The Joe Rogan Experience,” which averages 11 million viewers per episode.
The Australian Open is making a debut in Decentraland (MANA). This virtual recreation of Melbourne’s park, including Rod Laver Arena and Grand Slam Park, will be accessible during the AO tournament, demonstrating a significant real-world adoption within Decentraland.
This initiative is especially timely given the ongoing pandemic and its variants, marking an important step in providing global access to major events through the metaverse.
Virtual Worlds and Ecosystem Leaders
Virtual Worlds and Ecosystem Leaders These projects are considered the “real estate kings” of the metaverse; they have their own virtual worlds and economies.
- ApeCoin (APE): The primary token used for Yuga Labs’ (Bored Ape Yacht Club) projects, especially the Otherside metaverse.
- Decentraland (MANA): One of the oldest and most established Ethereum-based virtual worlds. Users can buy, build on, and monetize LAND.
- The Sandbox (SAND): A voxel-based virtual world where users can create and sell their own games and assets (NFTs).
- Axie Infinity (AXS): A monster-battling game and ecosystem with its own Ronin network, which popularized the “Play-to-Earn” model.
- Internet Computer (ICP): Often positioned as the “decentralized cloud for the metaverse” or “world computer,” it aims to run large-scale applications directly on the blockchain.
- Immutable (IMX): A Layer-2 Ethereum scaling solution designed for NFTs and blockchain games.
- Gala (GALA): A community-driven gaming platform where users decide which games get developed.
- Illuvium (ILV): An open-world RPG and “auto-battler” game with high-quality graphics, built on Ethereum.
- Vulcan Forged (PYR): A project featuring a game studio, a marketplace, and its own metaverse called “VulcanVerse.”
- Yield Guild Games (YGG): A gaming guild that invests in NFTs from Play-to-Earn games and earns revenue by renting out these assets.
- MyNeighborAlice (ALICE): A social-focused game built around farming and building, similar to “Animal Crossing.”
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